debt and bankruptcy

[JKSCHW at aol.com]

In a message dated 98-12-21 12:24:09 EST, you write:

<<  if this is so, does this mean that bankruptcy

 is simply a means to restructure debt repayments, and that those who

 are not in a position to do so would ... well.. what happens to them?

  >>

Restructure or discharge (abolish, cancel). Them as can't go bankrupt continue
to be liable for their debts on whatever terms they incurred them. 

--jks